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Search Results 0 to 12 of about 13 (some duplicates have been removed)
spending in the future than was riginally projected. >> because they were projecting a deficit of 4% of g.d.p., how much does the health care calculations factor into that differential? >> the biggest difference is policy. you just quoted the c.b.o. number which assumes no policy. the president's policies would reduce the deficit by 1.8% of g.d.p. in the last year of the budget window. as a result obviously the deficit's a lot better with deficit reduction, which is what we are showing in our budget, than if you didn't have deficit reduction. which is what a budget baseline would show. there's some other technical differences between our outdear forecasts. they are mostly on the revenue ide not spending side. >> this is for anyone. do any of the participants know tax revisions vare frye from current law apart from the -- >> obviously we have a set of proposals in there, so one of he places where -- that's in our a -- assumed in our budget is that in the 2010 and 2012 budgets the president extended his increases for the refundibility in the child tax credit. the increases in the earned inc
's fiscal outlook. we have cut the deficit in half as a share of the economy, experiencing the fastest fury of deficit reduction since the demobilization of world war ii. the budget continues this progress. bringing deficits down to a share of the economy to 2% by 2023 and putting the debt on a declining path. we've seen a notable and significant decline in health care spending growth over the last few years, in part due to the affordable care act, we know that over the long run, the growth of the health care costs continues to be our nation's most pressing fiscal challenge. that is why the budget builds on the savings and reforms to health reform law with additional measures to strengthen medicare and medicaid and encourage high-quality and efficient health care. we also know that revenue has to be a part of the solution to our nation's long-term fiscal challenges. given the aging of our population and the declining ratio of workers to retirees, we will need additional revenue to maintain our commitment to seniors, while also making the investments that are needed to grow our economy and e
could save. liberty mutual insurance. responsibility. what's your policy? >>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked and government bailouts became the norm. here is why it is happening. the economy is getting better over the last few years. the deficit has been shrinking. also, we are paying higher taxes. all that means more revenue for the government. the government has cut back on spending. the republicans, they still insist that the budget deficit is still too large. if they are looking for a fight, they may not get it. congress agreed to a bipartisan budget deal. mid-term elections are coming in the fall. a strengthening economy is removing m
he is recommending for each show agency and the deficit projections for 10 years. they say it will be low work, but how to make at work. obama will not be including the chain cpi proposal. inflation is measured that would have the effect of lowering social security benefits and other federal benefits. the aarp andsed by liberals in congress. arguing itthat out, was a all a branch for republicans. not willing to do a big deal on the deficit in order to get things under control. by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming da
. at a time when our deficits are falling at the fastest rate in 60 years we have to decide if we're going to keep squeezing the middle class or reduce deficits responsibly while taking steps to grow the middle class. >> that was president obama outlining his $4 trillion budget for 2015 setting the stage for another budget fight. it calls for growing are the tax expansion. the president says he's paying for all of this by closing loopholes, one of which is wall street's favorite loophole which allows hedge fund managers to count their investments as income instead of capital gains. many think it faces a long road because of republicans in the house. to walk us through the budget battle, jimmy williams, an opinion writer for u.s. news.com and an msnbc contributor. how are you? >> how are you, hello. >> i want to start with one of the more important things which is that child care tax credit. this is big for people. when you look at the numbers from the white house, you're talking about well over 1.5 million people effected, $600 for a lot of folks with children under five years old. my view
to that. here is a look at rain deficit. we had nice rain but we are still nearly 7" below average in san jose, livermore, nearly 8" in sack machine dough and 10" at sfo and 10" at oakland and look at that, 17 in santa rosa. we need six or seven more storms to get average. the visibility is light in santa rosa because we have had the light rain and everyone is okay this morning although the clouds are rolling over us. the day planner the next 12 hours is light rain and middle temperatures from mid-40's to low 50's. the rain will hit the central board of inquiry noon -- the central bay by noon. temperatures top out in the mid-60's inland and mid-to-upper 50's during the evening. we have showers tomorrow morning during the commute and clouds in the afternoon and a mild breeze low 60 to 70 from the coast to inland and another storm on thursday. sue? >> good morning, mike, hello everyone. night light commute so far. if you are traveling mass transit, bart is on time and ace and muni off to a great start. >> there is some flooding from safeway to the scotty's market but flooding is on both sid
in somebody's life, it shows up there. >> yes, what we can see is there is a deficit in theiar in the ae middle frontal cortex of kids who have ptsd. >> brown: in the developing brain of a child, ptsd can discourage learning. >> so the issue we have with chronic stress, it manifests as a ptsd syndrome or disorder is that some of the areas that are affected are areas that we need for our learning. for example, brain centers that process memory, brain centers that process executive function are particularly vulnerable. so ptsd can have an effect in how children learn brown. >> brown: according to carrion, up to 30% of children who live in low-income, high poverty neighborhoods will show symptoms of p.t.s.d. for every child in our school who acts out, i can look to something in their life that's not working. every single time there's a concrete and sad story about why this child doesn't get what they need. >> bring your arms up, put your left leg around your knee. >> brown: by teaching children to pay close attention to breathing and movements, the medical student hopes they're better prepa
spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it. in that it projects that we're going to raise taxes another $1.75 trillion. >> house budget chairman paul ryan said the president's budget is not a serious document. it is a campaign brochure. and aides say the soon to be le balance. >> mike emanuel live on the hill, thank you. >>> still ahead, what is the ukraine crisis doing to the u.s. space program. >>> first, the primary season kicks off in texas. it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. better eggs. your hepatitis c.forget it's slow moving, you tell yourself. i have
budget deficits, and the economy tanked. the problem with barack obama is not that he changed bush's policies but rather that he did not change them. he took the worst of them and doubled down. he's added $6. trillion to the national debt. meaning that i had -- meaning that today's young people will have to pay back $56,000 plus interest per household to their future taxes for nothing more than to pay for this administration's overspending. he seized 1/6 of the american economy that provides our health care and well on the way to wrecking it for millions of american families, costing them their health plans, their doctors, their savings, and their security. his increased annual taxes by -- he's increased taxes, averaging about $4,00 for every household in america. he made a lot of promises that turned out not to be true. he promised that massive government spending would produce prosperity. instead average personal incomes declined $2,00 during his presidency and food stamp dependency's at an all-time high. nearly one in six americans is now living in poverty, including 22% of all
, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you think that's going to be a turning point for the country? >> well, i think there's a few questions about will the government get enough of the mandate and therefore be able to, on the back of that, implement policies, but that remain toes be seen. so it might not be easy for some of the incumbent parties to necessarily muster the vote they need to have. but it's true, post elections, you know, in principal we should be more a possibility to get more on the petition side of these policies, let preoccupation with elections nearing, if you will. the kick start of the investment cycle, all of that cannot be turned on overnight. it takes a while before these type
projected deficit. in the san francisco from clifford kron 4 news. >> coming up on kron4 news week and a clear picture of the toxic myths that led to some of the death of actor philip seymour hoffman, coming up next. and here's a look at storm tracker 4 as we had to break. we'll be right back. back on kron4 news a week and the medical examiner's report on actor philip seymour hoffman is then in his death appears to be accidental. the report found a mixture of drugs and hofmann's system including heroin in seven main at and cocaine. the body of the oscar award winning actor was found in his apartment back in february 2nd. three people facing drug charges connecting to his death. >> steven colbert says he has nothing to hide. that's why he gave a keynote speech at the rsa computer security conference yesterday. there uc the comedian appearing at a congressional hearing in 2010. not everyone was happy with his decision to attend the events. privacy activists had tried to convince colbert to not appear at the conference. for his part colbert said " i don't necessarily want people readi
. it was about $11 billion in deficit this year. the new government in kiev said the country is going to need about $35 billion over the next two years just to survive. the i.m.s. is working on a plan along with the european union and united states, saying they're going to try and help but can't do anything until there is a government in place because an official government hahas to those kind of requests and the e.u. and i.m.f. can't negotiate with anything other than official governments. they need a prim minister, a cabinet and that's all underway. it's supposed to be in place by thursday but still a long road ahead for ukraine. >> all right, jennifer glasse in ukraine, thank you very much. in our next hour, we will be taking a closer look at ukraine's former prime minister and her role in shape that go countries future. these are live images coming out of parliament in ukraine and as you can see, the tensions there still exist. also viktor yanukovych still a man on the run. >> the u.s. state department is expelling three venezuelan diplomats, just days after a group of american officials
Search Results 0 to 12 of about 13 (some duplicates have been removed)